22 June 2011director interest notice● Neutral
Thompson Creek Metals Co Inc. director Arsenault Denis C sold 22,000 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 June 2011substantial holder notice● Neutral
BlackRock, Inc reported a Thompson Creek Metals Co Inc. shareholding of 8,351,504 shares (4.99% of votes) in a periodic institutional filing.
3 June 2011director interest notice● Neutral
Thompson Creek Metals Co Inc. VP Sales & Marketing Wilson Mark Arthur exercised stock options for 70,000 shares and disposed of 140,000 shares.
26 May 2011director interest notice● Neutral
Thompson Creek Metals Co Inc. Vice President - Development Wright Bruce exercised stock options for 20,000 shares and disposed of 40,000 shares.
20 May 2011material agreement● NeutralMajor
Thompson Creek sold $350 million of 7.375% senior unsecured notes due 2018 (agreed May 13, closed May 20, 2011) to initial purchasers led by J.P. Morgan Securities. Proceeds are intended for Mt. Milligan development and general working capital. The notes are not convertible into equity and are guaranteed by twelve subsidiaries including Terrane. On the same day the credit facility was amended again to allow the notes, give more room to take on debt, and turn the minimum liquidity test from a quarterly covenant into a condition that applies for 90 days after new borrowings or letters of credit. This adds to the Mt. Milligan debt funding and gives lenders a further obligation ahead of shareholders.
10 May 2011director interest notice● Neutral
Thompson Creek Metals Co Inc. CEO Loughrey Kevin received a stock option grant for 75,000 shares.
10 May 2011director interest notice● Neutral
Thompson Creek Metals Co Inc. VP, Gen. Counsel & Secretary Cassity Wendy received a stock option grant for 30,000 shares.
10 May 2011director interest notice● Neutral
Thompson Creek Metals Co Inc. VP Development Wright Bruce received a stock option grant for 15,000 shares.
10 May 2011director interest notice● Neutral
Thompson Creek Metals Co Inc. VP & COO Shellhaas S Scott received a stock option grant for 40,000 shares.
10 May 2011director interest notice● Neutral
Thompson Creek Metals Co Inc. CFO & VP Finance Pamela L Saxton received a stock option grant for 30,000 shares.
10 May 2011director interest notice● Neutral
Thompson Creek Metals Co Inc. VP Sales & Marketing Wilson Mark Arthur received a stock option grant for 30,000 shares.
10 May 2011director interest notice● Neutral
Thompson Creek Metals Co Inc. VP - HR & Admin. Gary W Banbury received a stock option grant for 30,000 shares.
9 May 2011quarterly activities report● Neutral
Thompson Creek Metals Co Inc. reported quarterly revenue of $113.6 million for the period ended 2011-03-31.
9 May 2011agm notice● Neutral
Thompson Creek Metals Co Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
6 May 2011quarterly activities report● Neutral
Thompson Creek Metals Co Inc. reported quarterly revenue of $113.6 million for the period ended 2011-03-31.
25 Apr 2011farm in farm out agreement● Neutral
On April 25, 2011, Thompson Creek said it had terminated its option agreement with U.S. Energy Corp. to acquire an interest in the Mount Emmons molybdenum project in Colorado. The company says it will focus on the Berg property in British Columbia, the Endako expansion and Mt. Milligan, and moves the Mount Emmons pre-feasibility funding to a Berg scoping study. It says the termination will have no material impact on its financial statements.
5 Apr 2011debt financing● NeutralMajor
On March 30, 2011, Thompson Creek signed a Master Funding and Lease Agreement with Caterpillar Financial Services for up to $132 million of equipment financing, in tranches of $20 million, $50 million and $62 million. It will finance mining equipment from Finning (Canada) and Bucyrus Canada for Mt. Milligan, drawn as equipment is delivered, with each borrowing lasting 60 months. Only the $20 million is available now; the other two tranches depend on conditions. This is the equipment financing part of the up-to-$450 million debt plan for Mt. Milligan, and it ties to the covenants in the December 2010 credit facility.
25 Mar 2011agm notice● Neutral
Thompson Creek Metals Co Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
16 Mar 2011director interest notice● Neutral
Thompson Creek Metals Co Inc. Vice President - HR and Admin Gary W Banbury received a stock option grant for 30,000 shares.
25 Feb 2011quarterly activities report● Neutral
Thompson Creek Metals Co Inc. reported quarterly revenue of $113.6 million for the period ended 2011-03-31.
25 Feb 2011material agreement● Neutral
On February 24, 2011, Thompson Creek, JPMorgan and Royal Bank of Canada amended the December 2010 credit agreement, raising the amount available to borrow from $290 million to $300 million. JPMorgan and RBC each added $5 million to their commitments. This uses the increase the original agreement allowed, with no other changes described.
9 Feb 2011substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial Thompson Creek Metals Co Inc. shareholding (5.12% of votes).
6 Jan 2011director interest notice● Neutral
Thompson Creek Metals Co Inc. VP & COO Shellhaas S Scott exercised stock options for 30,000 shares and disposed of 60,000 shares.
4 Jan 2011director interest notice● Neutral
Thompson Creek Metals Co Inc. VP Sales & Marketing Wilson Mark Arthur exercised stock options for 20,000 shares and disposed of 40,000 shares.
4 Jan 2011director interest notice● Neutral
Thompson Creek Metals Co Inc. CEO Loughrey Kevin exercised stock options for 100,000 shares and disposed of 200,000 shares.
4 Jan 2011director interest notice● Neutral
Thompson Creek Metals Co Inc. VP, Gen. Counsel & Secretary Cassity Wendy exercised stock options for 7,000 shares and disposed of 14,000 shares.
14 Dec 2010director interest notice● Neutral
Thompson Creek Metals Co Inc. VP Sales & Marketing Wilson Mark Arthur exercised stock options for 40,000 shares and disposed of 20,000 shares.
13 Dec 2010debt financing● NeutralMajor
On December 10, 2010, Thompson Creek signed a four-year senior secured revolving credit facility of $290 million (it may be increased to $300 million), with JPMorgan Chase as agent, due December 10, 2014. Proceeds can be used for general corporate purposes including capital spending; the press release names the Endako mill expansion and Mt. Milligan construction. It is secured by a lien on substantially all of the company's assets, with the Terrane guarantee's lien ranking behind Royal Gold's under the October gold stream agreement, and it requires leverage no higher than 3.00:1 and interest coverage of at least 3:1. This is a new facility, separate from the up-to-$450 million debt financing plan noted after the Terrane deal.
4 Nov 2010quarterly activities report● Neutral
Thompson Creek Metals Co Inc. reported quarterly revenue of $156.8 million for the period ended 2010-12-31.
29 Oct 2010securities registration● Neutral
Thompson Creek Metals Co Inc. filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.